Peraton

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Peraton
TypePrivate
Founded2017
HeadquartersHerndon, Virginia, U.S.
Key people
Stu Shea, chairman, president, CEO
Number of employees
>22,000 (2021)
Websitewww.peraton.com

Peraton is a privately held American technology company formed in 2017,[1] with corporate headquarters in Herndon, VA. Its areas of service include space, intelligence, cybersecurity, defense, homeland security, and health.[2] The company's applied research organization, Peraton Labs, is headquartered in Basking Ridge, New Jersey.[3]

Peraton was formed by parent company Veritas Capital from the acquisition of Harris Corporation's government IT services division, and Peraton purchased Perspecta in May 2021 for $7.1 billion.[4] Veritas also purchased Northrop Grumman's federal IT division in 2021.[5] In 2021 the company had more than 150 offices across the United States.

The company plans to move its headquarters from Herndon to Reston Town Center in Reston in 2022.[5] As of 2021, Peraton employed over 5,000 people in the D.C. area and over 22,000 employees total worldwide.[6]

Peraton says its name is "a construct of the prefix per, which means thoroughly, and the word imperative, reflecting the importance of its customers' missions".[5]

History[]

In 2017, the New York-based private-equity firm Veritas Capital acquired the government IT services division of Harris Corporation, and renamed it as Peraton.[7] In 2019, Peraton acquired Solers, Inc., terms of the acquisition were not disclosed.[8] In 2021, Veritas acquired the federal IT and mission support business of Northrop Grumman for $3.4 billion in cash and placed it within the Peraton subsidiary. In May of 2021, Perspecta (a 2018 merger of DXC Technology's U.S. Public Sector spin-off, Vencore, Inc., and KeyPoint Government Solutions),[9] was acquired by Veritas for $7.1 billion and also placed under Peraton.[10]

References[]

  1. ^ "Perspecta, now under Peraton, lands $473.8 million agreement". Virginia Business. 18 May 2021. Retrieved 2021-12-25.
  2. ^ "Peraton Company Overview" (PDF). Retrieved August 24, 2021.
  3. ^ "About". Peraton Labs. Retrieved 2021-08-24.
  4. ^ "Peraton". Georgia Cyber Center. Retrieved 2021-12-25.
  5. ^ a b c "Fast growing IT contractor Peraton moving to new HQ in Reston". WTOP News. 2 December 2021. Retrieved 2021-12-25.
  6. ^ "Aerospace firm Peraton wins $50M contract extension for CF-18 support". Ottawa Business Journal. Retrieved 2021-08-24.
  7. ^ "Harris Corporation Completes Sale of its Government IT Services Business to Veritas Capital". 28 April 2017. Retrieved August 24, 2021.
  8. ^ "Peraton to Acquire Solers, Inc". 17 June 2019. Retrieved August 24, 2021.
  9. ^ Terry, Robert J. (June 1, 2018). "Perspecta debuts on the New York Stock Exchange, unveils board of directors". American City Business Journals.
  10. ^ "Veritas Capital Completes Acquisition of Perspecta". 6 May 2021. Retrieved August 24, 2021.
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